The Economy of Azerbaijan in 2017: Assessment and Recommendations
The year 2017 posed severe challenges for the economy of Azerbaijan, as it experienced a 3.1% decline in 2016, its first negative GDP growth since 1995. According to initial estimations of EBRD, the economy was expected to experience another negative GDP growth equal to 0.5% in 2017. However, The State Committee of Azerbaijan Republic has announced 0.1 % positive growth in GDP in 2017.... Read More

Azerbaijan Economy in the first nine months (January-September) of 2017; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months of 2017. Both independent and official reports show that GDP declined in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 0.6 % in January-September of 2017 compared with the same period of 2016 since... Read More

Azerbaijan Economy in the first eight months (January-August) of 2017; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eight months of 2017. Both independent and official reports show that GDP declined in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 1.1 % in January-August of 2017 compared with the period of 2016 since CESD... Read More

Azerbaijan Economy in the first four months of 2017; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first four months of 2017. Both independent and official reports show that GDP decreased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 1.2 % in the first four months of 2017 compared with the period of 2016 since CESD calculations... Read More

Azerbaijan Economy in the first quarter of 2017; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first quarter of 2017. Both independent and official reports show that GDP decreased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 0.9 % in the first quarter of 2017 compared with the period of 2016 since CESD calculations found out... Read More

Azerbaijan Economy in the first two months of 2017; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first two months of 2017. Both independent and official reports show that GDP slightly increased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP increased by 0.4 % in the first two months of 2017 compared with the period of 2016 since CESD calculations... Read More

Macroeconomic Forecasts for Azerbaijan in 2017: Independent View
Without a doubt, 2016 is considered as one of the painful years for the economy of the country. That is to say, the economy of the country encountered nearly 4.0 % decline [during January-November 2016 GDP fell by 3.9% compared with the previous year, SSCRA ], the depreciation of national currency continued, as a result, manat lost its value by 12.5% during the year. The depreciation... Read More

What to expect from the monetary policy of the Central Bank of Azerbaijan?
The Central Bank of the Republic of Azerbaijan has announced that, a tight monetary policy is to be carried on. That is to say, the Central Bank will try to decrease the demand for USD by limiting monetary base. Although the implementation of the contractionary monetary policy since the oil price slump failed to stabilize the exchange rate of manat, the Central Bank does not... Read More